---
title: "Jack Mallers' Twenty One Capital surges after majority holder Tether proposes 3-way merger"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/284653815.md"
description: "Tether Investments has proposed a merger involving Twenty One Capital (XXI), Strike, and Elektron Energy, aiming to create a unified public company encompassing bitcoin treasury, mining, financial services, lending, and capital markets. Following the announcement, XXI shares rose nearly 8% in after-market trading on Wednesday."
datetime: "2026-04-29T22:25:15.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/284653815.md)
  - [en](https://longbridge.com/en/news/284653815.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/284653815.md)
---

# Jack Mallers' Twenty One Capital surges after majority holder Tether proposes 3-way merger

-   Tether Investments has proposed merging Twenty One Capital (XXI) with Strike, a Bitcoin financial services platform, and bitcoin miner Elektron Energy.
-   If completed, the combined entity would unite bitcoin treasury, mining, financial services, lending, and capital markets under one public company.
-   XXI shares have climbed nearly 8% in after-market trading on Wednesday.

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